To introduce the concept of blockchain technologies and the Hyperledger organization, we created an explainer video illustrating Hyperledger as a greenhouse incubator for these open source blockchain projects. Intended to serve as a starting point suitable for all audiences wanting to learn about Hyperledger and business blockchain technologies, we hope this 3-minute explainer video will shed light on the following:

1. A distributed ledger is a common system of record with no central authority.

A ledger contains a record of your transactions, along with other transactions in the network. Distributed ledgers are multi-party databases with no central trusted authority. Blockchains can be used to record promises, trades, transactions or simply items we never want to disappear.

2. It’s vitally important to know that your copy of the ledger is identical to everyone else’s

All businesses participating in a commercial ecosystem need a ledger to contain a record of transactions. As a result, across the global market there are ledgers that organizations and individuals alike must trust. Mirrored exactly across all nodes in a given network, distributed ledgers allow everyone in an ecosystem to keep a copy of the common system of record, free from discrepancies. Nothing can ever be erased or edited; parties can only add to the ledger.

3. Hyperledger provides the underlying open source software, on top of which anyone can set up blockchain apps and services to meet business needs.

Hyperledger is incubating and promoting enterprise grade, open source business blockchain technologies, including distributed ledgers, smart contract engines, client libraries, graphical interfaces, utility libraries, and sample applications. Built under technical governance and open collaboration, individual developers, service and solution providers, government associations, corporate members and end users alike are all invited to participate in the development and promotion of these thriving technologies.4. Hyperledger is a global, cross-industry, collaborative open source consortium.

With 170+ member organizations working across industries and competitive lines, and 400+ code contributors, Hyperledger is the fastest growing consortium in the history of The Linux Foundation’s collaborative projects. Just like you see in this greenhouse, with the help of The Linux Foundation and Hyperledger’s open source approach, everyone does their part to ensure the success of the whole, nurturing these blockchain ecosystems for evolution, expansion and continued growth.

The most renowned leaders in finance, healthcare and supply chain across the globe trust Hyperledger to build their business blockchain technologies. Who will you trust with your trust network?